ARK Innovation ETF (NYSEARCA:ARKK) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its position in shares of ARK Innovation ETF (NYSEARCA:ARKK) by 43.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 97,450 shares of the company’s stock after selling 75,209 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ARK Innovation ETF were worth $4,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of ARK Innovation ETF by 5,773.2% during the third quarter. International Assets Investment Management LLC now owns 1,589,348 shares of the company’s stock worth $755,420,000 after purchasing an additional 1,562,287 shares during the period. Granite Bay Wealth Management LLC raised its stake in ARK Innovation ETF by 3,969.2% during the second quarter. Granite Bay Wealth Management LLC now owns 1,392,085 shares of the company’s stock worth $62,559,000 after acquiring an additional 1,357,875 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in ARK Innovation ETF by 120.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,414,713 shares of the company’s stock worth $62,177,000 after acquiring an additional 774,315 shares during the last quarter. Cowen AND Company LLC boosted its stake in ARK Innovation ETF by 1,048.3% in the second quarter. Cowen AND Company LLC now owns 275,950 shares of the company’s stock valued at $12,128,000 after acquiring an additional 251,918 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of ARK Innovation ETF by 120.0% during the first quarter. Cetera Investment Advisers now owns 329,452 shares of the company’s stock valued at $16,499,000 after purchasing an additional 179,699 shares during the last quarter.

ARK Innovation ETF Price Performance

Shares of NYSEARCA ARKK opened at $45.86 on Friday. ARK Innovation ETF has a 12-month low of $34.08 and a 12-month high of $54.52. The stock’s 50 day simple moving average is $46.07 and its 200 day simple moving average is $44.93.

ARK Innovation ETF Profile

The ARK Innovation ETF (ARKK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation. ARKK was launched on Oct 31, 2014 and is managed by ARK.